Palm Medical Centers
A Fully Stabilized, 100% Occupied Medical Office Anchored by a Leading Senior Care Provider
Marketing description
United Realty Group is pleased to exclusively present the opportunity to acquire a 100% occupied, mission-critical medical office building located at 950 1st St S, Winter Haven, Florida. This ±20,328 SF asset is anchored by Palm Medical Centers, which occupies 93.28% of the GLA. Palm Medical Centers is a premier, senior-focused primary care provider with an expansive and growing footprint of over 30 locations across the state of Florida.
The property serves as a vital healthcare hub within the Winter Haven community, strategically positioned less than 1.5 miles from the Winter Haven Hospital (BayCare Health System). Palm Medical Centers recently demonstrated their long-term commitment to this location by executing a significant lease extension through September 2034, providing an investor with immediate income stability and a strong Weighted Average Lease Term.
Located in Polk County—one of the fastest-growing regions in the United States—the local market features a high concentration of Medicare-eligible seniors. This demographic perfectly aligns with Palm Medical's specialized value-based care model, ensuring the long-term relevance and necessity of the facility.
The asset further benefits from a diversified income stream, with the remaining 6.72% of the GLA occupied by M&M Management Services through late 2026. This offering presents a rare opportunity for an investor to acquire a fully stabilized medical asset in a proven healthcare corridor within a high-growth Florida market.
Investment highlights
Long-Term Anchor Commitment: Anchored by Palm Medical Centers (93.28% of GLA) with a lease recently extended through September 2034.
Mission-Critical Medical Hub: Strategically located in a proven healthcare corridor less than 1.5 miles from the 468-bed Winter Haven Hospital.
Strong Regional Credit: Anchor tenant is a leading provider with over 30 locations in Florida and recent expansion into the Texas market.
Stabilized Income & Occupancy: 100% occupied multi-tenant facility with mostly a NNN lease structure.
Inflation Hedge: Features contractual annual rent escalations for the anchor tenant.
High-Growth Florida Demographics: Located in Polk County, which grew by nearly 17% between 2020 and 2025, with a high concentration of Medicare-eligible seniors.
High Visibility Location: Benefits from significant frontage along 1st Street South with traffic counts of approximately 27,000 to 30,000 vehicles per day.
Recent $5.8M Appraised Valuation: Offered at an attractive basis relative to recent property valuation metrics.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
